BTC holders smile sweetly after the price made a new All Time High above 2.5 million baht on Bitkub Exchange. Other cryptocurrencies Receive benefits as well.
On March 11, 2024, it is said to be a trend in the social world. and make people interested in digital assets When it was reported that the price of Bitcoin or BTC has reached a new high of 2,500,000 baht today (11 March), which is considered a new historical high. After just making a high of 2,458,000 baht on March 4, 2024, it is still considered a new consecutive high of the Bitcoin price due to the past. It had never hit a new high before the Bitcoin Halving event before.
Data from Glassnode shows that More than $48.54 billion worth of money has flowed into the digital asset market. This is the largest amount since October 2021. It is expected that the trading volume of Spot Bitcoin ETFs in the US skyrocketed to $7.69 billion. This, coupled with the interest from retail investors in purchasing Bitcoin accumulated before the Bitcoin Halving, has supported the price to continue rising.
In addition, data on the Bitkub Exchange trading board on March 5 also shows that the proportion of people who are able to profit from the increase in Bitcoin prices during this period is as high as 99%, and the adjustment is high. The rise in the price of Bitcoin has also resulted in the market capitalization (Marketcap) of Bitcoin rising past the level of $1.31 trillion.
If we compare Bitcoin to a company It is considered to have the highest market value, ranking in the top 9 of the most valuable companies in the world, overtaking Meta Company, the owner of Facebook, which has a market value of 1.28 trillion dollars. (Based on information from Companiesmarketcap : March 5, 2024)
As for the prices of other cryptocurrencies Both have benefited from the increase in the price of Bitcoin, such as the price of Ethereum or ETH. The second-highest cryptocurrency by market capitalization has gained up to 19% on a weekly basis since Feb. 27. – March 5, 2024, reached a high of 134,200 baht, ahead of an important update like Dencun that is expected to happen soon, while Solana sinv SOL was able to increase 26% in the weekly overview. and reached the highest level of 4,847.06 baht on the Bitkub Exchange trading board.
Reference: Bitkub Blog
2024-03-11 11:49:17
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